Oakbrook Investments LLC raised its position in Teledyne Technologies Incorporated (NYSE:TDY) by 16.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,975 shares of the scientific and technical instruments company’s stock after buying an additional 425 shares during the period. Oakbrook Investments LLC’s holdings in Teledyne Technologies were worth $380,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. raised its stake in Teledyne Technologies by 5.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 15,977 shares of the scientific and technical instruments company’s stock worth $2,020,000 after buying an additional 889 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Teledyne Technologies by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 135,005 shares of the scientific and technical instruments company’s stock worth $17,074,000 after buying an additional 5,212 shares during the period. Ironwood Investment Management LLC increased its stake in shares of Teledyne Technologies by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 2,693 shares of the scientific and technical instruments company’s stock worth $341,000 after buying an additional 32 shares during the period. Retirement Systems of Alabama increased its stake in shares of Teledyne Technologies by 0.8% in the first quarter. Retirement Systems of Alabama now owns 45,465 shares of the scientific and technical instruments company’s stock worth $5,750,000 after buying an additional 343 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Teledyne Technologies by 3.1% in the first quarter. Arizona State Retirement System now owns 14,600 shares of the scientific and technical instruments company’s stock worth $1,846,000 after buying an additional 439 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Teledyne Technologies Incorporated (TDY) traded down 0.79% during trading on Monday, reaching $147.13. 203,031 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $131.96 and its 200-day moving average price is $129.86. Teledyne Technologies Incorporated has a one year low of $101.90 and a one year high of $148.24. The stock has a market cap of $5.19 billion, a P/E ratio of 28.90 and a beta of 0.98.

Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.49. Teledyne Technologies had a net margin of 8.44% and a return on equity of 13.80%. The business had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $636.18 million. During the same period in the prior year, the company posted $1.32 EPS. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities analysts anticipate that Teledyne Technologies Incorporated will post $5.56 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Oakbrook Investments LLC Acquires 425 Shares of Teledyne Technologies Incorporated (NYSE:TDY)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/07/oakbrook-investments-llc-raises-stake-in-teledyne-technologies-incorporated-nysetdy-updated.html.

A number of analysts recently issued reports on TDY shares. Zacks Investment Research downgraded shares of Teledyne Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Jefferies Group LLC reissued a “hold” rating and set a $140.00 price target on shares of Teledyne Technologies in a report on Tuesday, June 6th. Needham & Company LLC raised shares of Teledyne Technologies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Wednesday, July 5th. Finally, BidaskClub raised shares of Teledyne Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th.

In related news, VP Thomas H. Reslewic purchased 5,000 shares of the stock in a transaction dated Thursday, June 29th. The shares were acquired at an average cost of $124.50 per share, with a total value of $622,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert Mehrabian purchased 10,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were bought at an average cost of $129.41 per share, for a total transaction of $1,294,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,207 shares of company stock worth $1,992,502. Corporate insiders own 3.30% of the company’s stock.

About Teledyne Technologies

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets. The Company’s segments include Instrumentation, Digital Imaging, Aerospace and Defense Electronics, and Engineered Systems. Instrumentation segment provides monitoring and control instruments for marine, environmental, industrial and other applications, as well as electronic test and measurement equipment.

Institutional Ownership by Quarter for Teledyne Technologies (NYSE:TDY)

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